Can i take ITC on Vehicle maintenance expenses for a proprietorship business ?
CGST Act prohibits ITC for purchase of vehicles, but there is no restriction on repairs of vehicles.
You can take ITC on repair of vehicles.
Yes you are eligible to take Input Tax Credit on repairs of vehicle. Restriction is on purchase of vehicle and not on repairs or maintenance of vehicle.
JOIN LARGEST DISCUSSION PLATFORM
Sign up to discuss taxation, accounting and finance topics with experts from all over India.
Join Discussion
